Which of the following is a positive statement?
a. Driving speeds should be lowered so that fewer accidents will occur.
b. When per capita income falls, fewer meals are consumed at restaurants.
c. The minimum wage is too low; college students deserve a raise.
d. Cigarette sales should be made illegal in order to reduce the incidence of cancer.
e. Social Security is a good program for U.S. workers.
B
Economics
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Rent control is an example of
A) a subsidy for low-skilled workers. B) a price floor. C) a price ceiling. D) a black market.
Economics
The exchange rate is the
A. price of one currency in terms of another. B. price of imports in terms of exports. C. nominal price of a currency in terms of gold. D. reciprocal of the terms of trade.
Economics